Reported about 11 hours ago
Kraft Heinz is exploring a potential spinoff of a substantial part of its grocery business, which could be worth up to $20 billion, as it seeks to enhance shareholder value amidst shifting consumer preferences and economic challenges. While there are no guarantees this deal will proceed, the spinoff could leave the company with its iconic Heinz ketchup and Grey Poupon brands. This move follows a recent trend among major companies attempting to adapt to changing market demands.
Source: YAHOO